Russia’s half companies do not feel consequences from RF membership in WTO

President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin said

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Photo ITAR-TASS

YEKATERINBURG, July 13 (Itar-Tass) - Almost a year after the Russian Federation joined the World Trade Organisation /WTO/, about every second Russian company has not experienced any consequences from the membership, President of the Russian Union of Industrialists and Entrepreneurs /RSPP/ Alexander Shokhin said during the Innoprom exhibition in Yekaterinburg.

At the same time, he continued, about every fourth company of those, who reported they had felt certain consequences, said those were negative.

“This is something to be considered for corrections in programmes of adapting the Russian economy following the country’s joining the World Trade Organisation,” Shokhin said.

Many instruments for support of the Russian economy have not been used yet, he said, mentioning mechanisms of tax policies, state and municipal orders and others.

“Those mechanisms do not contradict the WTO rules,” he said.

Shokhin stressed a deficit of qualified specialists, who would be trained for foreign trade activities in the conditions of WTO - lawyers, economists and others.

“We need to have training programmes of the kind launched,” he said.

Russia became WTO’s full member in August of 2012, having finalised officially a 19-year process of accession.